The reverse auction which was conducted by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for 1000 MW on July 10 saw participation from 13 companies.
Mahoba Solar, an Adani group company, quoted the lowest tariff of Rs 3.48/kWh to develop 250 MW of projects. Maheshwari Mining & Energy (MMEPL) also quoted Rs 3.48/kWh to develop 20 MW.
Other bidders included ACME Solar Holdings, Feynman (Canadian Solar), Sukhbir Agro Energy, Rays Power Infra, EDEN Renewables, Azure Power and Hero Solar.
However, these tariffs are much higher than in some of the recent auctions, including the latest tenders by Solar Energy Corporation of India (SECI), where the L1 bid quoted was Rs 2.44 per unit so the state government as well as the SECI felt that UPNEDA should go in for re-bidding.
In the meantime the state government has cancelled the last auction although the National Solar Energy Federation of India (NSEFI) had requested the state government for non cancellation but that seems to have fallen on deaf ears.
The final touches are being given to the bid documents and these would soon be uploaded.